- This topic has 28,092 replies, 54 voices, and was last updated 9 hours, 38 minutes ago by .
-
EURUSD Weekly
EUR went through 1.15750 – previous high – and now let’s see the Big picture – how far it can really reach and what it all means.
Resistances: 1.18200, 1.18500, 1.20850 & 1.21750
The most important one for a really big picture is 1.21750 – if EUR goes above it, everything that was happening in previous 3 years , all the incursions below 1.03 would be just a huge Bear trap.
Of course there are gazillion resistances above that level, but it is an old universe – one that leads to levels above 1.50, and eventually even challenge of the All time high at 1.60.
I am not saying that it is going to happen – I am saying only what I see that Can happen!
p.s. Copy this chart and save it – you might need it
MOST GLARING (TO ME AT LEAST) IS THE USD IS NOT GETTING SAFE HAVEN FLOWS ON RISING MIDDLE EAST GEOPOLITICAL CONCERNS
EURUSD
Posted overnight
Trend up
Targeting 1.1575 while above 1.1495 although 1.15 will clearly be pivotal in setting the tone
Fallback support 1.1480… only below it would postpone the risk
1.1575 is a major level (April high) as there is a void above it… Bobby will post potential targets
iN ANY CASE, EXPECT A BID AS LONG AS IT TRADES ABOVE 1.15
EURUSD DAILY CHART
USDJPY
Repeated failures above 145 has seen a retreat back into the 142-145 range.
With risk shifting back to the downside, expect selling on blips unless 144.35-70+ is regained.`
Initial support at the intra-day 143.63 low and 143.41
Softer US bond yields and safe haven flows boosting the jpy but most glaring is the 145+ failure..
USDJPY 4 HOUR CHART
Using my platform as a HEATMAP shows…
.. the dollar trading weaker, led by the EUR, JPY, CHF while GBP follows with a lag as mood turns to risk off .
Exceptions are AUD , NZD, CAD, NXN
What caught my eye is the USD did not get safe haven flows in rising Middle East concerns. Not mentioned as a factor but use of military to quell immigration protests is not helping the US image
US stocks are down,,, WATCH sp500 6000 AS PIVOTAL
US bond yields extending retreat following tame US CPI yesterday
Gold backed off after early spike higher but keeps a bid
Crude oil backing off a touch after sharp spike higher yesetdray
Data focus today:
US weekly jobless claims and PPI
Newsquawk Daily Economic Releases (PPI and jobless claims will be a key focus)
Tesla Inc. – TSLA
Tesla got all the way till resistance at 330.00-345.00 resistance and got rejected sharply.
Now for more advancements right now, it needs to hold above 310.00, and in the worst case scenario not lower then 300.00
Such dip would be even welcomed if provides a strong support – that would be a good bullish formation in creation.
Nvidia Corporation – NVDA
Nvidia stayed short of previous high for just a pip – but that is not a good result…
However, if it stays above 142.00 till close tonight, bullish pattern would be preserved for now.
Another level of support is at 141.20
Only below that one we can talk about correction or possible top.
NIO Inc.
Higher high today, but shy of 4.00 resistance…
But let’s speculate with some bullish stance 😀
In case Nio manages tomorrow to stay above 3.70 it might get propelled straight to 4.00 and chances would be kind of good to break above it.
Of course any return below 3.60 negates this scenario.
And if it would be just able to close above 3.85 tonight…eh
Try Newsquawk free for 7 days
- You must be logged in to reply to this topic.